Latest Palo Alto News

OpenAI co-founder Sutskever sets up new AI company devoted to 'safe superintelligence'

Jun. 20, 2024 15:00 PM EDT

The Associated Press (AP) — Ilya Sutskever, one of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman, said he's starting a safety-focused artificial intelligence company. Sutskever, a respected AI researcher who left the ChatGPT maker last...

Broadcom Inc.: Fiscal Q2 Earnings Snapshot

Jun. 12, 2024 16:31 PM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Broadcom Inc. (AVGO) on Wednesday reported fiscal second-quarter earnings of $2.12 billion. The Palo Alto, California-based company said it had profit of $4.42 per share. Earnings, adjusted for one-time gains and costs, came to...

HP: Fiscal Q2 Earnings Snapshot

May. 29, 2024 16:28 PM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — HP Inc. (HPQ) on Wednesday reported fiscal second-quarter profit of $607 million. On a per-share basis, the Palo Alto, California-based company said it had profit of 61 cents. Earnings, adjusted for one-time gains and costs, were...

Palo Alto: Fiscal Q3 Earnings Snapshot

May. 20, 2024 16:17 PM EDT

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Palo Alto Networks Inc. (PANW) on Monday reported fiscal third-quarter earnings of $278.8 million. On a per-share basis, the Santa Clara, California-based company said it had profit of 79 cents. Earnings, adjusted for stock...

Guardant Health: Q1 Earnings Snapshot

May. 09, 2024 16:59 PM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Guardant Health Inc. (GH) on Thursday reported a loss of $115 million in its first quarter. On a per-share basis, the Palo Alto, California-based company said it had a loss of 94 cents. Losses, adjusted for non-recurring costs and...

AppLovin: Q1 Earnings Snapshot

May. 08, 2024 17:21 PM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — AppLovin Corp. (APP) on Wednesday reported first-quarter net income of $236.2 million, after reporting a loss in the same period a year earlier. The Palo Alto, California-based company said it had net income of 67 cents per share....

Intapp: Fiscal Q3 Earnings Snapshot

May. 07, 2024 17:23 PM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Intapp Inc. (INTA) on Tuesday reported a loss of $6.9 million in its fiscal third quarter. The Palo Alto, California-based company said it had a loss of 9 cents per share. Earnings, adjusted for stock option expense and...

BridgeBio Pharma: Q1 Earnings Snapshot

May. 02, 2024 07:44 AM EDT

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — BridgeBio Pharma Inc. (BBIO) on Thursday reported a loss of $35.2 million in its first quarter. The Palo Alto, California-based company said it had a loss of 20 cents per share. Losses, adjusted to extinguish debt, were 5 cents...